Executive Summary
Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet and fair value.
Similar Companies
Share Price & News
How has Dundee Precious Metals's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: DPM's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
3.2%
DPM
2.5%
CA Metals and Mining
0.6%
CA Market
1 Year Return
114.1%
DPM
50.9%
CA Metals and Mining
-7.5%
CA Market
Return vs Industry: DPM exceeded the Canadian Metals and Mining industry which returned 50.9% over the past year.
Return vs Market: DPM exceeded the Canadian Market which returned -7.5% over the past year.
Shareholder returns
| DPM | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.2% | 2.5% | 0.6% |
| 30 Day | 6.3% | 3.1% | -1.1% |
| 90 Day | 22.2% | 26.9% | 6.6% |
| 1 Year | 116.1%114.1% | 52.0%50.9% | -4.2%-7.5% |
| 3 Year | 312.6%308.7% | 62.4%59.1% | 10.0%-0.6% |
| 5 Year | 339.9%335.8% | 185.7%177.1% | 42.3%20.3% |
Price Volatility Vs. Market
How volatile is Dundee Precious Metals's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
Here's Why We Think Dundee Precious Metals's (TSE:DPM) Statutory Earnings Might Be Conservative1 month ago | Simply Wall St
The Dundee Precious Metals (TSE:DPM) Share Price Is Up 305% And Shareholders Are Delighted1 month ago | Simply Wall St
Will The ROCE Trend At Dundee Precious Metals (TSE:DPM) Continue?Valuation
Is Dundee Precious Metals undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: DPM (CA$9.85) is trading below our estimate of fair value (CA$26.44)
Significantly Below Fair Value: DPM is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: DPM is poor value based on its PE Ratio (200.5x) compared to the CA Metals and Mining industry average (24.8x).
PE vs Market: DPM is poor value based on its PE Ratio (200.5x) compared to the Canadian market (16.6x).
Price to Earnings Growth Ratio
PEG Ratio: DPM is poor value based on its PEG Ratio (4.4x)
Price to Book Ratio
PB vs Industry: DPM is good value based on its PB Ratio (2x) compared to the CA Metals and Mining industry average (2.9x).
Next Steps
Future Growth
How is Dundee Precious Metals forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
46.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: DPM's forecast earnings growth (46.1% per year) is above the savings rate (1.7%).
Earnings vs Market: DPM's earnings (46.1% per year) are forecast to grow faster than the Canadian market (23.8% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: DPM's revenue (3.4% per year) is forecast to grow slower than the Canadian market (5.5% per year).
High Growth Revenue: DPM's revenue (3.4% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: DPM's Return on Equity is forecast to be low in 3 years time (13%).
Next Steps
Past Performance
How has Dundee Precious Metals performed over the past 5 years?
16.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: DPM has a large one-off loss of $103.3M impacting its June 30 2020 financial results.
Growing Profit Margin: DPM's current net profit margins (1.2%) are lower than last year (9%).
Past Earnings Growth Analysis
Earnings Trend: DPM has become profitable over the past 5 years, growing earnings by 16.9% per year.
Accelerating Growth: DPM's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: DPM had negative earnings growth (-80%) over the past year, making it difficult to compare to the Metals and Mining industry average (56.4%).
Return on Equity
High ROE: DPM's Return on Equity (0.9%) is considered low.
Next Steps
Financial Health
How is Dundee Precious Metals's financial position?
Financial Position Analysis
Short Term Liabilities: DPM's short term assets ($187.6M) exceed its short term liabilities ($96.8M).
Long Term Liabilities: DPM's short term assets ($187.6M) exceed its long term liabilities ($70.6M).
Debt to Equity History and Analysis
Debt Level: DPM is debt free.
Reducing Debt: DPM has no debt compared to 5 years ago when its debt to equity ratio was 19.2%.
Debt Coverage: DPM has no debt, therefore it does not need to be covered by operating cash flow.
Interest Coverage: DPM has no debt, therefore coverage of interest payments is not a concern.
Balance Sheet
Next Steps
Dividend
What is Dundee Precious Metals's current dividend yield, its reliability and sustainability?
1.07%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: DPM's dividend (1.07%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: DPM's dividend (1.07%) is low compared to the top 25% of dividend payers in the Canadian market (5.72%).
Stability and Growth of Payments
Stable Dividend: Too early to tell whether DPM's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if DPM's dividend payments are increasing as they only just started paying a dividend.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (107.4%), DPM's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
2.3yrs
Average management tenure
CEO
David Rae (59 yo)
0.33
Tenure
US$1,356,608
Compensation
Mr. David Rae has been Director of Dundee Precious Metals Inc. since January 1, 2020. Mr. Rae has been Chief Operating Officer and Executive Vice President at Dundee Precious Metals Inc. since May 6, 2014. ...
CEO Compensation Analysis
Compensation vs Market: David's total compensation ($USD792.58K) is below average for companies of similar size in the Canadian market ($USD2.06M).
Compensation vs Earnings: David's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.33yr | US$1.36m | no data | |
| Executive VP & CFO | 9.25yrs | US$1.28m | no data | |
| Executive VP of Corporate Affairs | 3yrs | US$797.29k | no data | |
| Executive Vice President of Corporate Development | 8.83yrs | US$874.83k | 0.0094% $ 167.4k | |
| Vice President of Technology | 1.25yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Human Resources | 2.33yrs | no data | no data | |
| VP & MD of Bulgaria | 1.67yrs | no data | no data | |
| Global Controller | no data | no data | no data | |
| Legal Counsel | no data | no data | no data |
2.3yrs
Average Tenure
57.5yo
Average Age
Experienced Management: DPM's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Independent Director | 8.67yrs | US$219.00k | 0.00030% $ 5.4k | |
| Lead Independent Director | 7.42yrs | US$263.00k | 0.0083% $ 147.8k | |
| Chairman of the Board | 7.42yrs | US$381.25k | 0.22% $ 3.9m | |
| Independent Director | 18.25yrs | US$210.50k | 0.0029% $ 51.2k | |
| Independent Director | 10.33yrs | US$234.75k | 0.00094% $ 16.8k | |
| Independent Director | 4.83yrs | US$210.25k | no data | |
| Independent Director | 13.67yrs | US$220.50k | 0.012% $ 221.6k | |
| Independent Director | 3.58yrs | US$218.75k | no data |
8.0yrs
Average Tenure
69.5yo
Average Age
Experienced Board: DPM's board of directors are considered experienced (8 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: DPM insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Dundee Precious Metals Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Dundee Precious Metals Inc.
- Ticker: DPM
- Exchange: TSX
- Founded: 1983
- Industry: Gold
- Sector: Materials
- Market Cap: CA$1.784b
- Shares outstanding: 181.17m
- Website: https://www.dundeeprecious.com
Number of Employees
Location
- Dundee Precious Metals Inc.
- 1 Adelaide Street East
- Suite 500
- Toronto
- Ontario
- M5C 2V9
- Canada
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| DPM | TSX (The Toronto Stock Exchange) | Yes | Common Shares | CA | CAD | Nov 1983 |
| DPU | DB (Deutsche Boerse AG) | Yes | Common Shares | DE | EUR | Nov 1983 |
| DPML.F | OTCPK (Pink Sheets LLC) | Yes | Common Shares | US | USD | Nov 1983 |
Biography
Dundee Precious Metals Inc., a gold mining company, engages in the acquisition of mineral properties, exploration, development, mining, and processing of precious metals. The company's principal operating ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/19 06:02 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.